The government’s move to promote affordable housing by setting up a special fund is welcome. It will boost buyers’ sentiments and help revive the real estate market. We expected the government to give industry status to real estate sector, though its efforts to support infrastructural development is laudable.

Prestige Group, a leading real estate developer and one of the largest mall owners in the country, through its subsidiary has concluded acquisition of CapitaLand’s stake in various SPVs for a total consideration of around Rs 342 crore.

Prestige Group, a leading real estate developer in the country, through its wholly-owned special purpose vehicle (SPV) is acquiring 66.66 per cent stake from private equity partner Red Fort India Real Estate and land owners in its group company – Prestige Projects (PPPL).

In my opinion, the Budget has been outstanding. All sectors have been covered, especially the rural sector and the agricultural economy. This is a government that translates their words into action, and that to me is truly the most admirable aspect of this Budget.

What is proposed development in Un approved colonies like Vasant Vihar Colony Karnal which is in existence since 1987 and No metalled roads,No proper disposal of waste domestic water ,no sewerage System in a colony of population exceeding /around 10000. Lions share of Development of Smart City is diverted into New Projects as mentioned 1100 crores out of 1200 crores announced for 2nd Phase development of Mughal Canal Marketting Project in a city where people are waiting for Basic Amenities of Life Roads , Water Supplies and Sewarage System. I Wish a smart city with healthy citizens which requires providing basic amenities to all.
People are encroaching small width Galies hence no chance to reach in car/trucks that too without pukka Roads.